3682 results found for 'cgx'

3682 results found for 'cgx'
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  • Singapore: Sembcorp to Convert VLCC into FPSO for MODEC

    4 October 2011
    Business & Finance

    Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV “TAR II” (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. This conversion project involves the installation of an external turret mooring system and […]

  • Maersk Line Settles Competition Case with Russia’s FAS

    8 February 2017
    Business & Finance

    Danish boxship giant Maersk Line has reached an agreement today with the Federal Antimonopoly Service of the Russian Federation (FAS) to settle a competition case regarding Maersk Line and other shipping lines’ use of price announcements to the Russian market. As explained, the deal is subject to payment of a settlement fee worth USD 230,000 by Maersk […]

  • OOIL Sees Red Ink amid Difficult Markets

    13 March 2017
    Business & Finance

    Due to challenging market conditions, Hong Kong’s Orient Overseas International Limited (OOIL), owner of container transport businesses OOCL, suffered a full-year loss of USD 219.2 million in 2016, compared to a profit of USD 283.9 million seen a year earlier.  The company’s operating loss stood at USD 138.2 million, against an operating profit of USD […]

  • Through Singapore’s CLTX, German bourse seeks to tap Asia’s commodities

    4 May 2017

    By Vera Eckert SINGAPORE (Reuters) – Singapore’s Cleartrade Exchange expects the overall market size of its core products of iron ore, shipping, and fuel oil to grow strongly to $200 million (155 million pounds) by 2020, and it aims to take a growing slice of that trading, its chief executive told Reuters. Cleartrade Exchange (CLTX) […]

  • Fuel Surcharge Collections Put Pressure on Matson’s Profit

    4 May 2017
    Business & Finance

    US-based container carrier Matson reported a drop of over 60 percent in its net income for the first quarter of 2017, reaching USD 7 million, compared to a net income of USD 18.1 million seen in the same period a year earlier. For the quarter ended March 31, 2017, the consolidated revenue stood at USD […]

  • Sovcomflot Navigates Back to Black

    29 August 2014
    Business & Finance

    OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year.  SCF’s interim report has revealed that: […]

  • Brazil: GE Oil & Gas Wins Subsea Equipment Maintanance Contract from Petrobras

    17 June 2011
    Business & Finance

      Petróleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service […]

  • Yangzijiang Shipbuilding’s Earnings at All-Time High

    6 August 2014
    Business & Finance

    One of China’s top shipbuilders Yangzijiang Shipbuilding (YZJ) has recorded the strongest quarterly earnings of RMB 1.24 billion based on the shipbuilder’s latest results, up 52 % year on year.   Despite having 9 vessels delivered in 2Q 2014 compared to 11 vessels in 2Q 2013, the shipbuilding related segment’s revenue contribution only decreased slightly […]

  • MSC Rejects Pollution Claims

    13 December 2019
    Business & Finance

    MSC reiterated its commitment to the environment after it was called out as one of the EU’s top ten polluters.

  • SIPG, Evergreen Marine sign green methanol supply deal

    16 January 2024
    Business Developments & Projects, Infrastructure, Ports & Logistics, Vessels

    SIPG and Evergreen Marine recently signed a memorandum of cooperation on green methanol fuel supply for ships in the port.

  • SWS strikes deal for eight methanol-powered 9,200 TEU boxships

    28 September 2023
    Vessels

    Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation (CSSC), has signed a contract for the construction of eight methanol-powered 9,200 TEU containerships.

  • Top Petrobras executives leave after clashing with incoming CEO

    29 March 2021
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Several top executives of state-own Brazilian oil company Petrobras decided to leave the company following the end of their mandate on 20 March.

  • Aloha and Piuraa Horizon Lines

    31 May 2015
    Business & Finance

    The US ocean cargo carrier Horizon Lines has completed the previously announced sales of its Alaska operations to Matson Inc. for USD 469 million, and its Hawaii trade lane assets to The Pasha Group for USD 141.5 million.    Matson acquired the stock of Horizon for USD 0.72 per fully diluted common share, or USD 69 million, and repaid […]

  • Boweven CEO: “Results from the IM-5 well continue to please” (Cameroon)

    2 April 2013

    Bowleven, the Africa focused oil and gas exploration group traded on AIM,has announced the preliminary results of the first test at the IM-5 appraisal/development well drilling offshore Cameroon. A Drill Stem Test (DST) was performed on the Middle Isongo interval and preparations are now underway to test the Intra Isongo interval. Highlights – Middle Isongo […]

  • NGO Shipbreaking Platform: Shipping Companies Still Favor the Worst Scrapyards

    4 February 2020
    Business & Finance

    A total of 674 ocean-going commercial ships and offshore units were sold to the scrapyards in 2019.

  • Independent Oil and Gas reorganizes board and management team

    21 March 2017
    Business & Finance

    UK-based Independent Oil and Gas (IOG), a development and production focused oil and gas company, has made several board and senior management changes, effective March 20, 2017. IOG said on Tuesday that Andrew Hockey joined the board as a deputy chief executive. Until the end of 2015, Hockey was the general manager of business development at […]

  • DP World to breathe new life into Syria’s Port of Tartus

    14 July 2025
    Authorities & Government, Business Developments & Projects, Infrastructure, Ports & Logistics, Regulation & Policy

    The UAE-based logistics heavyweight DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus.

  • ION Acquires UruguaySPAN 2D Seismic Survey

    22 February 2013
    Business & Finance, Operations & Maintenance

    ION Geophysical Corporation announced that it has successfully acquired 2,800 km of high-quality, depth-imaged seismic data within the Punta del Este Basin offshore Uruguay. Known as UruguaySPAN, this latest addition to ION’s global BasinSPAN seismic data library will provide E&P companies with the first deep, geologically-driven image of the province, enabling them to more effectively […]

  • Framo Engineering Wins Major Subsea Pumping Contract for Jack & St.Malo Fields in GoM (USA)

    11 April 2011
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    Chevron U.S.A. Inc. has awarded Framo Engineering the contract for engineering, procurement, manufacturing and delivery of complete subsea pumping systems for the Jack & St.Malo fields in the Gulf of Mexico. Framo Engineering Managing Director, Ole Gams Steine, states; “We are very proud and grateful that Chevron has taken onboard the Life of Field philosophy […]

  • Important Accolade for Nicaragua Grand Canal

    15 June 2015
    Business & Finance

    Among the five categories of the “2015 Latin American Projects of the Year Awards” at the 13th Latin American Infrastructure Leadership Forum, the Nicaragua Grand Interoceanic Canal was recognized by the judging panel and granted “Strategic Project of the Year Award” and “Job Creation Project of the Year Award.” Bill Wild, Chief Project Advisor of […]

  • USA: Chevron Selects Framo Engineering for Delivery of Subsea Pumping Systems to Jack & St.Malo Fields

    11 April 2011
    Business & Finance, Equipment

      Chevron U.S.A. Inc. has awarded Framo Engineering the contract for engineering, procurement, manufacturing and delivery of complete subsea pumping systems for the Jack & St.Malo fields in the Gulf of Mexico. Framo Engineering Managing Director, Ole Gams Steine, states; “We are very proud and grateful that Chevron has taken onboard the Life of Field […]

  • ION Collects 8700 km of Regional Seismic Data Offshore Mozambique, Tanzania

    19 July 2011
    Business & Finance

    ION Geophysical Corporation today announced that it has successfully acquired 8,700 km of regional seismic data offshore Tanzania, Mozambique, and Comoros, adding to the 14,000 km of data the company previously acquired in the region in the first two phases of its East AfricaSPAN(TM) program. Several recent large discoveries offshore Mozambique and southern Tanzania have […]

  • Gemini Offshore Substations Sail Out

    17 August 2015

    The FICG consortium of Cofely Fabricom, Iemants and CG, which was selected by Van Oord for the Gemini offshore wind project in the Netherlands, has finalized the construction of the two HV offshore substations and has shipped them out to their final destination. Both substations Buitengaats (300MW) and ZeeEnergie (300MW) left the Hoboken dock near […]

  • ION Completes Seismic Survey Off W. Australia

    30 May 2013
    Business & Finance

    ION Geophysical Corporation has completed acquisition of over 11,500 km of new 2D seismic data on Australia’s northwest shelf. Known as WestraliaSPAN™, the survey area extends from the Exmouth Plateau to the Browse and Bonaparte Basins. The regional, long offset data will be depth imaged by ION’s GX Technology group using their latest WiBand™ broadband […]

  • ION Delivers Reprocessed Data Off Barbados

    1 May 2015
    Business & Finance, Equipment, Operations & Maintenance

    ION Geophysical Corporation has completed the company’s Barbados Reprocessing project, in coordination with the recent announcement of Barbados’ 2015 offshore licensing campaign. ION’s Barbados Reprocessing is a multi-client two-dimensional (2D) seismic program encompassing more than 9,000 km of newly imaged pre-stack time migration (PSTM) and pre-stack depth migration (PSDM) data. According to ION, the reprocessed […]